Holdings Characteristics

Ten Largest Stocks

Apple Inc 3.46%
Cisco Systems Inc 3.18%
UnitedHealth Group Inc 2.99%
Fiserv Inc 2.95%
Chubb Ltd 2.87%
Carnival Corp 2.83%
TJX Cos Inc/The 2.83%
Constellation Brands Inc 2.72%
Newell Brands Inc 2.68%
Merck & Co Inc 2.65%
Total 29.16%

Portfolio Characteristics

Patriot Fund S&P 500
# of Holdings 44 506
Average Market Cap $134.5b $163.9b
Price/ Earnings Ratio 20.09x 21.76x
Price/ Book Ratio 2.9x 3.1x
Beta 0.95 1.00

Sector Diversification

Patriot Fund S&P 500
Information Technology 20.97% 22.01%
Health Care 14.30% 13.86%
Financials 14.16% 14.32%
Consumer Discretionary 12.36% 12.29%
Industrials 11.40% 10.04%
Consumer Staples 9.36% 9.27%
Energy 6.29% 6.55%
Cash 2.47% 0.00%
Telecom Services 2.33% 2.38%
Real Estate 2.29% 2.92%
Utilities 2.18% 3.17%
Materials 1.89% 2.82%

As-of 3/31/17

The security holdings are presented to illustrate examples of the securities that the fund has bought and the diversity of areas in which the funds may invest, and may not be representative of the fund’s current or future investments. Portfolio holdings are subject to change and should not be considered to be investment advice.

6595-NLD-4/24/2017